Table 6 ARDL and error correction outcomes
From: Industrial output growth and foreign direct investment in Nigeria
Variables | Coefficient | Std. Error | t-Statistic | Prob.* |
|---|---|---|---|---|
D(IDT(-1)) | − 0.31776 | 0.175345 | − 1.81219 | 0.0950 |
D(FDI) | 0.646131 | 0.317691 | 2.033837 | 0.0570 |
D(EXR(-2)) | 0.668432 | 0.112803 | 5.925677 | 0.0000 |
D(LPR(-1)) | − 0.302348 | 0.103863 | − 2.911040 | 0.0093 |
D(GCF) | − 0.036245 | 0.046294 | − 0.782922 | 0.4439 |
D(GCF(-1)) | 0.267522 | 0.045075 | 5.935077 | 0.0000 |
D(INF) | 0.235221 | 0.074247 | 3.168104 | 0.0053 |
D(INF(-1)) | − 0.120516 | 0.054713 | − 2.202673 | 0.0409 |
D(TOP) | − 0.000126 | 0.000169 | − 0.743744 | 0.4666 |
CointEq(-1)* | − 0.824432 | 0.117462 | − 7.018701 | 0.0000 |